Australian Energy Market Operator

AEMO operates Australia's National Electricity Market (NEM), the interconnected power system in Australia’s eastern and south-eastern seaboard, and the Wholesale Electricity Market (WEM) and power system in Western Australia.

AEMO operates gas retail markets in New South Wales and the Australian Capital Territory, Queensland, South Australia, Victoria, and Western Australia. AEMO also operates wholesale gas markets in south-eastern Australia, those being the Declared Wholesale Gas Market in Victoria (DWGM), the Short Term Trading Market in Adelaide, Brisbane and Sydney (STTM), and the Gas Supply Hub (GSH), whose trading locations are based at Wallumbilla in Queensland, and Moomba in South Australia. AEMO also operates the Natural Gas Services Bulletin Board (GBB), and is system operator of the Victorian Gas Declared Transmission System. AEMO is also responsible for Gas Services Information functions in Western Australia.

NEM Electricity Statement of Opportunities

The Electricity Statement of Opportunities (ESOO) provides technical and market data that informs the decision-making processes of market participants, new investors, and jurisdictional bodies as they assess opportunities in the National Electricity Market (NEM) over a 10-year outlook period.

2017 Electricity Statement of Opportunities

The 2017 ESOO provides a projected outlook to 2026–27 of supply adequacy under a number of scenarios, including:

The impact of additional renewable generation in response to Australia’s federal and state renewable energy targets, and

Potential generation outage events that may challenge reliability of supply.

The 2017 ESOO was prepared by AEMO using information available at 7 July 2017. Information made available after this date may have been included in this publication where practical.

Updates for these documents are required when significant new information becomes available relating to supply or demand projections. New information since the November 2016 updates to the ESOO and EAAP, and the March 2017 GSOO that have been included in ESO modelling, includes:

New generation projects have been planned for development within the next two years.

Pelican Point Power Station has committed to returning to full service from July 2017, adding an additional 239 megawatts (MW) of available capacity in South Australia.

The Queensland government’s commitment to return Swanbank E Power Station to service from the first quarter of 2018, adding an additional 385 MW of available capacity in Queensland.

The South Australian and Victorian governments have committed to adding 100 MW and 40 MW of battery storage respectively before summer 2017–18.

Queensland forecast annual consumption and peak demands have been updated in accordance with the March 2017 Update: National Electricity Forecasting Report (NEFR).

New information from generators on energy constraints for some generating units, obtained through the Generation Energy Limitations Framework (GELF) survey.

November 2016 Electricity Statement of Opportunities (ESOO) Update

The 2016 ESOO Update assesses supply adequacy across the National Electricity Market (NEM) to 2025-26, in light of announcement from Engie of the retirement of Hazelwood Power Station by 31 March 2017, and the potential impact of possible market responses.

The 2016 ESOO Update was prepared by AEMO using information available at 3 November 2016, however the impact of changes after this date have been assessed where practical.